Without clean energy, the growth in carbon emissions would have been three times higher

However, the year also saw record production levels for renewables – the report has found

That’s as many countries impose bans on fossil fuels, a report suggests

The Methane Alert and Response System (MARS), launched at the COP27 climate summit, is a data-to-action platform to get policy-relevant data for emissions mitigation

It warns the region could face a gap of as much as 30bn cubic metres of natural gas during the summer period

The IEA estimates reducing financing costs by 2% would bring down the investment needed to reach net zero emissions in emerging and developing economies by $16tn until 2050

IEA Executive Director Fatih Birol has said net zero could be severely delayed without international collaboration

The country will require $8bn a year in investment to hit net zero – and is calling on other countries to help mobilise these funds

They are hopeful the talks lead to better collaboration and quicker production times

Methane is causing global warming more than scientists previously estimated, new research claims